Elon musk tweet : $1.5bn to be raise by Tesla toward developing cheapest electric car

The California based maker of electric cars Tesla, has said it plans to raise $1.5bn in order to fund the production of its latest invention.

Effectively seeking more capital after the launch of a much anticipated new mass market electric car,
the Model 3, Tesla said it would offer $1.5 billion worth of bonds to professional investors.

“The notes will be senior unsecured debt obligations of Tesla,” the company said in a statement. “The interest rate, redemption prices and other terms of the notes are yet to be determined.”

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